RIL shares hit nine-year high; mcap rises by Rs 5,018 cr

Shares of Reliance Industries

rose by over 1 per cent to hit a fresh nine-year high today

after its subsidiary Reliance Jio unveiled new tariff plans.

The stock jumped 1.02 per cent to settle at Rs 1,510.50

on BSE. During the day, it gained 1.95 per cent to Rs 1,524.50

-- its multi-year high level.

On NSE, it went up by 1.12 per cent to close at Rs

1,511.10.

The company's market valuation rose by Rs 5,018.01 crore

to Rs 4,91,149.01 crore.

On the volume front, 2.85 lakh shares of the company were

traded on BSE and over 39 lakh shares changed hands at NSE

during the day.

Reliance Jio yesterday announced new tariff plans to

replace its current dirt-cheap rates, offering lesser validity

and data on a revamped Rs 309 plan and dishing out a bumper

84GB for Rs 399.

Jio had over 112 million users at the end of April 2017.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)